NYSE$KRMN

Karman Holdings Inc · Q1 2026 earnings

Q1 2026 earnings ·

Briefing

Karman Holdings reported Q1 2026 revenue of $151.2M with net income of $7.8M and diluted EPS of $0.06.

For the quarter ended March 31, 2026, Karman Holdings generated revenue of $151.2 million and net income of $7.8 million, or $0.06 per diluted share. The defense technology company benefited from strong demand for mission systems and hypersonics-related products. Gross margin and backlog supported profitability in the first quarter as a recently public company.

  • Revenue of $151.2M in the first quarter as a public company.
  • Net income $7.8M; diluted EPS $0.06.
  • Defense and aerospace end-market demand remained robust.
  • Two customers represented 25.6% and 11.6% of revenue.
  • Backlog supports multi-quarter revenue visibility.

Headline financials

Total Revenue

$151M

Previous: $100M+51.0%
EPS (adj)

$0.06

Previous: -$0.04+250.0%
Capital Expenditures

-$7.38M

Previous: -$5.04M-46.3%
Free Cash Flow

-$7.17M

Previous: -$9.84M+27.2%
Net Income

$7.79M

Previous: -$4.8M+262.4%
Operating Income

$21.5M

Previous: $9.96M+115.3%
Gross Profit

$63.9M

Previous: $39.5M+61.9%
Cash & Equivalents

$73.8M

Previous: $114M-35.1%
Total Assets

$1.42B

Previous: $875M+62.0%

Revenue & EPS history

Karman Holdings Inc · Revenue · Quarterly

$151M

Q1 2026+51%vs Q1 2025
Beat estimate in 1 of 1 quarters(100%)
ActualEstimate

Forward guidance

Karman does not provide quarterly EPS guidance in its first 10-Q as a public company but discusses defense budget tailwinds, program awards, and capacity investments.

Tailwinds

  • Profitable first quarter with positive EPS on strong defense demand.
  • Backlog and program wins support revenue visibility.

Headwinds

  • Customer concentration with two clients above 10% of revenue.
  • Defense procurement timing can create quarter-to-quarter variability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 3 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+1.2%

Avg return

Earnings day

+3.5%

Avg return

5 days after

+2.9%

Avg return

30 days after

50%

2 / 4 earnings

Positive

+8.0%

Q1 2025

Best reaction

-5.7%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+7.6%+5.8%-23.6%
Q3 2025-5.7%-9.7%-12.7%
Q2 2025-5.0%+7.5%+29.7%
Q1 2025+8.0%+10.4%+18.1%

Discussion

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